As I write this, lots of folks who organized their businesses as S corps, C corps and even LLCs have an inbox full of reminders from their accountant about third quarter estimated taxes. By the time this piece publishes, those same folks will be already thinking about the year end and how to maximize deductions before then.
That’s all well and good. Solid businesses run like a clock: When it strikes six, owners do this; when it strikes nine or 12, they do that. Owners get into a certain tick-tock rhythm. The problem comes when the tick and the tock become the clock.